How to write a business case document
Managing the Business Case The completed business case provides structure for the project and project organisation throughout the project lifecycle.
Your organisation may require a detailed financial appraisal, including opportunity costs of the project, and some discounting if the payback period is several years.
The Structure of the Business Case A business case needs to lead the reader through the problem, to consider various solutions, and finally decide on which option is best. To conclude, the purpose of a business case is to outline the business rationale for undertaking a project and to provide a means to continually assess and evaluate project progress.
Short business case template
Essentially, you have to determine the business case for developing your business case. Because every project is different, there may be elements that are important to your particular business case. Therefore, the market assessment should show a complete understanding of the marketplace in which your business operates. Hard evidence is always helpful: the number of people affected, or the cost to the company or to its customers. In other words, make the underlying business interests explicit. You should also include a figure -- usually an additional percent of the total -- for scope creep. Make clear when you need a decision and why that date is crucial. Every change to the project should be considered against it and, if agreed, incorporated so that the business case remains a complete record of the project. As the project continues a number of options will be rejected.
Martin Webster is an engineer, IT professional, introvert, occasional artist, people leader, and geek. It identifies the area or areas where there are issues that need to be addressed, such as inefficiencies, missed opportunities, unacceptable market performance or unfavorable consumer response to a product or service.
For instance, the option appraisal section may summarise each option with the details contained elsewhere for reference. Identify and describe all stages of the project, including a post-project review.
Business case pdf
Remember that some decision-makers may only read the executive summary, so you need to make sure that you have included everything relevant. The Project Organisation The last section of the business case template is of most interest to the project manager, project team, and managers responsible for delivering work to the project. You therefore need to avoid jargon and keep the language as simple as possible. It identifies the area or areas where there are issues that need to be addressed, such as inefficiencies, missed opportunities, unacceptable market performance or unfavorable consumer response to a product or service. It therefore needs a clear structure, with plenty of headings and sub-headings to guide the reader. Is your project description detailed enough? Articulate the circumstances under which it should be undertaken, including key individuals and actions.
A good business case will explain the problem, identify all the possible options to address it, and allow decision-makers to decide which course of action will be best for the organisation. Before you write a business case, you should have carried out a fair amount of research into the problem and possible solutions.
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